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Monday, October 2, 2017

Indo-French Economic Alliance to Strengthen with International Delegation’s Visit to India, Led by MEDEF

The Mouvement des Entreprises de
France (MEDEF), or the "Movement of the Enterprises of France" has
announced today their intention to strengthen trade ties between France
and India, on their official visit to Bangalore, India. Led by
Pierre Gattaz, President, MEDEF, the 60-member delegation
comprising of SMEs and some of the leading corporations of France visited
NUMA Bengaluru, a French startup accelerator, to discuss
investment opportunities between the two countries. MEDEF is the largest
employer federation of France representing over 800,000 member
companies advocating for the interest of large, medium and small
enterprises at the local, regional, national and EU levels.

Historically,
India and France have been trade allies with strong ties in defence, space,
nuclear energy and smart cities. The delegation visited India on a three-city
tour of New Delhi, Mumbai and Bangalore to meet various central and
state ministries, industry bodies - FICCI,
CII, large companies such as Michelin, CapGemini, Larsen &
Toubro and leaders in innovation including Team Indus, amongst
others. The aim of the delegation is to initiate talks between both
countries to fillip both economies, with special interest in the
government’s “Make in India” initiative.

The
delegation’s visit marks the pre-cursor to French
President Emmanuel Macron’s official state visit to India
later this year.

Commenting on
his visit, Pierre Gattaz, President, MEDEF said, “France
and India have held strong trade ties under our respective state leaders for
more than two decades. During this visit, we have held many
discussions with the private sector and with our Indian counterparts in the
government and industry to source viable opportunities for both our
nations to participate in each other’s progress. India’s ingenuity and
technology prowess is a cornerstone of its economy. With decades of
bilateral cooperation, we have built a strong foundation of mutual trust and
commitment towards each other’s development.”

“We have
gathered immense data and researched untapped sectors, which we intend to
recommend to our ministry and industry that will create
an even more robust ecosystem than before. We thank NUMA
Bengaluru for hosting us in this great city and providing their
resources to facilitate a meaningful engagement. We are confident
that President Macron’s visit later this year, will cement the
partnership and improve the bilateral and trade ties of our great democracies,”
he added.

MEDEF held this press
briefing at NUMA Bengaluru- the leading European hub for innovation
and entrepreneurship, world renowned for startup acceleration and innovation
hubs, having made its presence felt in eight cities (Paris, Moscow, Casablanca,
Bengaluru, Barcelona, Mexico, Berlin and New York). Currently in its
third year of operations in India and with more than 17 years of
entrepreneurship and innovation experience globally, NUMA operates mainly on 3
different verticals; Startup Acceleration, Corporate Innovation, and Community
& Events.